New Delhi, Business Desk. Another news is coming about Dearness Allowance, DA. After July 2021, the Labor Bureau has now released the figures for August 2021. These figures are based on retail prices of 317 markets, spread across 88 industrial centers in the country. According to the Labor Bureau, the All India Consumer Price Index for Industrial Workers (AI CPI-IW) has increased by 0.2 point to 123 in August this time. Compared to the 1.1 point increase of July 2021, it has registered an increase of 0.16 percent.
According to HS Tiwari, Assistant Secretary General, All India Audit and Accounts Committee, the AICPI figures have been affected due to the fall in the prices of food items. It’s not growing that fast anymore. Anyway, winter is about to start and with this the prices of fruits and vegetables will come down. And the trend has also been that the inflation rate decreases between July and December.
these things affect
HS Tiwari said that the prices of Cow Milk, Dairy Milk, Mustard Oil, Palm Oil, Soyabean Oil, Almond, Sugar-white, Tea Leaf, Cooking Gas, Hospital/Nursing Home Charges, Petrol for Vehicle, Toilet Soap, etc. will be related to AICPI IW. has an effect on.
Index up since July
According to HS Tiwari, AI CPI-IW had increased by 1.1 points in June 2021. With this it had increased to 121.7. With the arrival of AICPI of June 2021, the central employees are sure to get the benefit of another DA Hike. With this, their DA will now increase from 28 percent to 3 percent to 31 percent. Employees will get the benefit of this around Diwali. The government can announce this increase soon.
how much will the salary increase
HS Tiwari said that if the basic salary of an employee is Rs 50,000 per month, then 3% DA hike will mean an increase of Rs 1500 in his monthly salary. If the calculation for the year is taken out, then the total increase will be Rs 18000.
Calculation of Dearness Allowance
HS Tiwari said that the Central Labor Department takes retail price every month on the basis of AICPI-IW index. Then every half year it is reviewed. The rate of DA is released on the basis of inflation data for 6 months. Its calculation is done by looking at the basic pay of the employee.